DIGITAL CURRENCY BITCOIN VALUE INCREASES RAPIDLY IN 2017

Usually, Bitcoin value is compared to the dollar value. According to Bloomberg, Thursday evening a value of coin reached approximately 6800 USD.

At present, the total value of the market used in the market is $ 110 billion and has seen seven times increase in its value in the past one year. It is believed that due to the latest increase in bit value, it is announced that the US Company CME Group has announced. The company said that they will introduce the bit-new product to this market by the end of this year.

First Bitcoin was introduced in January 2009 which value 7 to 8 USA Dollar in first year, later it was less than a thousand dollars in June 2013 and starting early 2017 its value also six to nine hundred dollar             Cambridge University researcher, Michael Hellmann, told the BBC, “It has been a great year for new technology and virtual currencies, which has led to increasing the value of bitcoin.” If this price increases, I will not be surprised. ‘

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Greg Hellman further added that the dispute between North Korea and the United States has increased interest in the countries of the sides because people are avoiding investing in dollar and yen. But Hellmann warned that if government agencies could take action against digital currency, it could revenue the value.

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Bitcoin is called a new type of currency. Although the value of other currencies is determined in the same way how people use it. Butt transfer is used to use ‘mining’ in which the computer passes through a difficult calculator and resolves the problem through 64digits

Each problem that resolves makes it a bitcoin cadence. At present, there are more than 150 million buttons. In order to get buttons, the user should have bit corner information, which is about 34-27 words and numbers of digits. These are words and words like a virtual post box. But does not register for any information, so that when people deliver them, they use them to hide their identity. These addresses are saved in the Blockchain technology where that keeps a deposit amount.

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